The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
- The SEC charged both Gemini and Genesis with unregistered offering and sale of securities to retail investors, some of who were in the U.S.
The Block Sarah Wynn
Related Coverage
- SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program U.S. Securities and Exchange Commission
- S.E.C. Charges Crypto Companies With Offering Unregistered Securities New York Times · Ephrat Livni
- First Mover Americas: SEC Targets Gemini, Genesis CoinDesk
- SEC charges Gemini and Genesis with selling unregistered securities Finextra
- Crypto Firms Genesis Global and Gemini Trust Face SEC Charges Barron's Online · Liz Moyer
- Gemini Co-Founder Tyler Winklevoss Calls SEC Lawsuit ‘Disappointing’ Bloomberg · Brandon Sapienza
- SEC Crackdown on Gemini ‘Late to The Game’: Congressman Tom Emmer Decrypt · Will McCurdy
- SEC sues Gemini and Genesis over crypto asset-lending programme Financial Times
- Genesis and Gemini Get Sued By The SEC- Find Out More Inside Bitcoins · Nancy Lubale
- US securities regulator charges Genesis, Gemini with unregistered offerings Reuters
- Tyler Winklevoss claps back at the SEC for charging Gemini Cryptopolitan · Jai Hamid
- Genesis and Gemini hit with SEC charges CoinGeek · Jordan Atkins
- Ripple Vs. SEC: Lawyer Predicts No Settlement Until After Decision by Judge Bitcoinist.com · Jake Simmons
- SEC Charges Genesis and Gemini for Offering and Selling Unregistered Securities Coinspeaker · Ibukun Ogundare
- US SEC charges Genesis and Gemini with unregistered securities offerings crypto.news · Samuel Mbaki Wanjiku
- Here's How Genesis and Gemini May Have Violated The Crypto Securities Laws Coinpedia Fintech News · Qadir AK
- Tyler Winklevoss Calls SEC Lawsuit Against Gemini Politically Motivated CoinGape · Jai Pratap
- US SEC has filed charges against Gemini and Genesis CoinJournal · Charles Thuo
- Gemini, Genesis Sued by SEC for Rules Breach With ‘Earn’ Lending Program Bloomberg · Chris Dolmetsch
- Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities CNBC · Rohan Goswami
- Genesis And Gemini Charged For Selling Unregistered Securities Crypto Daily · Jana Serfontein
- SEC Files Complaint Against Gemini and Genesis for Allegedly Selling Unregistered Securities CryptoPotato · Felix Mollen
- SEC Charges Genesis and Gemini Following Crypto Collapse Contagion PYMNTS.com
- SEC charges two crypto platforms with failing to disclose risks Washington Post · Steven Zeitchik
- SEC Charges Genesis and Gemini With Offering Unregistered Securities BTC Times · Deniz Saat
- SEC Officially Charges Crypto Firms Gemini and Genesis for Sale of Unregistered Securities Watcher Guru · Joshua Ramos
- SEC Lawsuits — Thanks for reading xuanling11's Free Newsletter! Subscribe for free to receive new posts and support my work. xuanling11's Free Newsletter
- SEC accuses Gemini and Genesis of selling unregistered securities Fortune · Leo Schwartz
- Genesis, Gemini and Nexo targeted in latest action against crypto companies SiliconANGLE · Duncan Riley
- SEC Sues Genesis, Gemini Over Earn Accounts The Information
- SEC charges Gemini, Genesis over Earn program; Winklevoss responds CryptoSlate · Mike Dalton
- SEC charges Gemini and Genesis for allegedly offering unregistered securities Web3 is Going Just Great · Molly White
- Winklevoss slams SEC charges against Gemini as a ‘super lame ... manufactured parking ticket’ Cointelegraph · Jesse Coghlan
- Boom. SEC Files Charges Against BOTH Gemini and Genesis for Sale of Unregistered Securities in Earn Program Crowdfund Insider · JD Alois
- SEC Hits Genesis, Gemini With Securities Law Violations for Gemini Earn Program Decrypt · Ryan Ozawa
- SEC Charges Genesis and Gemini Trustnodes
- Genesis, Gemini Charged With Securities Violations by SEC Blockworks · Sebastian Sinclair
Discussion
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@tyler
Tyler Winklevoss
on x
1/ It's disappointing that the @SECGov chose to file an action today as @Gemini and other creditors are working hard together to recover funds. This action does nothing to further our efforts and help Earn users get their assets back. Their behavior is totally counterproductive.
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@garygensler
Gary Gensler
on x
We @SECGov charged Genesis & Gemini for the unregistered offer & sale of crypto asset securities through Gemini Earn. Crypto intermediaries need to comply with our securities laws. This protects investors. It promotes trust in markets. It's not optional. It's the law.
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@reptomemmer
Tom Emmer
on x
.@GaryGensler is once again late to the game, “protecting” no one. Quite clear that his political “regulation through enforcement” strategy hurts everyday Americans. https://twitter.com/...
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@katie_martin_fx
Katie Martin
on x
How it started etc ICYMI https://www.ft.com/... https://twitter.com/...
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@mdudas
Mike Dudas
on x
would be cool if gary and the sec “put the seatbelts in the cars” before they crashed instead, they were too busy meeting with sbf to drum up anti-crypto, anti-defi rules that would protect no one https://twitter.com/...
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@johnreedstark
John Reed Stark
on x
What I cannot understand is that if @Gemini is selling securities (as alleged), and receiving transaction-based compensation (as alleged), which is an SEC hallmark of broker-dealer behavior, then why didn't @SECGov charge Gemini with failing to register as a broker-dealer? https:…
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@jeffhauser
Jeff Hauser
on x
SEC is suing company Larry Summers spent more than six years as an official “Board Advisor” for violating Sections 5(a) and 5(c) of the Securities Act of 1933. Will reporters ask him about his involvement? https://www.sec.gov/... https://twitter.com/...
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@hsakatrades
@hsakatrades
on x
SEC Suing Genesis & Gemini. Mentions in the court filing: Winkelvii: 2-3 Barry: 0 https://t.co/U2cqS8x7ye https://t.co/Rrh1SYUIZT
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@jeffjohnroberts
Jeff Roberts
on x
Recall Coinbase tried to set up an Earn program of its own but SEC threatened them not to do SEC's policy is misguided but very prudent of @coinbase not to charge forward
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@erikvoorhees
Erik Voorhees
on x
“We've charged the Titanic with an unregistered iceberg encounter in order to protect its passengers.” https://twitter.com/... https://twitter.com/...
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@ap_abacus
Andrew
on x
Now imagine DCG/Genesis attempting to raise $1B in a capital raise with this at the tip of the iceberg. ZERO chance it was ever going to happen. ZERO. https://twitter.com/...
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@dogetoshi
Steven
on x
SEC charging Gemini and Genesis AFTER users lose their funds is like OpenSea blacklisting an NFT after a hacker sell it.
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@apartovi
Ali Partovi
on x
“'Super lame,' said Tyler Winklevoss.” (Actual quote, facing federal prison time.) https://www.theblock.co/...
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@adamscochran
Adam Cochran
on x
Don't worry though, I'm sure that the gaping hole this lawsuits leave and forcing DCG to face their debts will lead to a totally gentle unwind of the trusts and a shit ton of large selling...
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@mayazi
Maya Parody
on x
Honestly, the burden is on Gary...hindsight is very SEC Maddoff like They're supposed to prevent these situations, not revel in the PR https://t.co/YRVAjOmDPb
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@migueldeicaza
Miguel de Icaza
on x
The twins believed in magic unicorns that created money, and they got sued along the magic unicorn: https://www.sec.gov/...
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@matigreenspan
Mati Greenspan
on x
How does charging Gemini protect investors? The money you will fine them will fill your greedy coffers and decrease their solvency harming investors and market confidence. This is flagrant corruption. https://twitter.com/...
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@keubiko
@keubiko
on x
Just amazing what a hollow shell @SEC_Enforcement has become, such that the subjects of their enforcement actions just openly mock and dunk on them. I had thought Musk's antics were the peak but plenty of other dildos are stepping into the ring. @GaryGensler https://twitter.com/.…
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@doombergt
@doombergt
on x
“Investigations into other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.” https://www.sec.gov/...
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@johnreedstark
John Reed Stark
on x
The SEC: Hit BlockFi for failing to register its crypto-lending program; Stopped Coinbase from launching its crypto-lending program; and Just hit Gemini/Genesis's for its Earn crypto-lending grift. Buckle up: An SEC regulatory onslaught is just beginning. https://www.sec.gov/... …